Terms & Conditions

Legal information for Deedcoin ICO

DEEDCOIN SALE TERMS & CONDITIONS
PLEASE
READ
THESE
DEEDCOIN SALE
TERMS
& CONDITIONS
CAREFULLY.
NOTE
THAT
SECTION
18
CONTAINS
A
BINDING
ARBITRATION
CLAUSE
AND
CLASS
ACTION
WAIVER,
WHICH
AFFECT
YOUR
LEGAL
RIGHTS.
IF
YOU
DO
NOT
AGREE
TO
THESE
TERMS,
DO
NOT
PURCHASE
TOKENS.
Your
purchase
of
Deedcoin
tokens
(“
Tokens
”)
during
the
Sale
(as
defined
below)
from
Deedcoin
Inc.
(the

Company
,”

we
,”
or

us
”)
is
subject
to
these
terms
of
sale
(“
Terms
”).
Each
of
you
and
Company
is
a

Party

and,
together,
the

Parties
.”
By
purchasing
Tokens
from
us
during
the
Sale
,
you
will
be
bound
by
these
Terms
and
any
terms
incorporated
by
reference.
If
you
have
any
questions
regarding
these
Terms,
please
contact
us
at
[email protected]
.
You
and
Company
agree
as
follows:
1.
Commencement
and
Duration
of
Sale
.
The company will sell 70 million tokens
between
Deedcoin and Deedcoin SAFT
through two avenues
, public sale or private sale
.
The
Company
will
conduct
a
public
sale
of
Tokens
(the

Sale
”). The Sale includes two
rounds, the first
of
which
will
take place on
February
19
th
,
2017
at Noon E.S.T.
(the

Launch
Date
”)
and end in 30 days or 1.5 million Deedcoin sold, whichever first. The
second round will begin on
May
21
st
at 10am E.S.T
,
and
end
in 30 days or 28.5 million
Deedcoin sold, whichever first,
(the

Sale
End
Date
”)
.
T
he Company will also conduct a
private
sale of Tokens (the “
Private
Sale
”) which will be
ongoing beginning on Jan 1st
,
2017
(the “
Private Sale

),
this will be done through privatesale.deedcoinlaunch.com,
startengine.com, and through mytokennetwork
.com. This sale will conclude on
either
June 30, 2018 or when 40 million tokens have been sold, whichever comes first, as either
Deedcoin or Deedcoin SAFT
depending on the qualifications of the purchase
r
. Deedcoin
retains
the right to launch a third public s
ale that will end
either
b
y
Dec 31
st
, 2018 or
upon the sale of all remaining Deedcoin tokens. The method of a third sale will be
announced on deedcoinlau
nch.com in the future, should Deedcoin Inc. deem it best for
the Deedcoin project. This potential third sale will sell
portion of or all of the
remaining
private
or public
sale tokens.
Deedcoin has the right to move any of these sales dates
forward or back
up to 30 days by posting notice on the deedcoinlaunch.com at least 7
d
ays prior to the change of date but all sales will conclude by December 31
st
, 2018.
2.
Eligibility
.
In
order
to
be
eligible
to
participate
in
the
Sale
and
to
log
into
the
Sale
portal
to
make
a
purchase,
you
agree to allow
the Company,
through ou
r
Know Your Customer
and
Anti
-
Money
Laundering
Compliance
partner
Namescan/Membercheck
(“
Namescan
”)
,
to check all submitted personal information (
your

User
Credentials
”)
against their database of people ineligible to purchase tokens.
You
must
also
have
an
Ethereum
wallet
that
supports
the
ERC
-
2
0
token
standard
in
order
to
receive
any
Tokens
you
purchase
from
us
and
provide
the
address
for
that
wallet
(the

Token
Receipt
Address
”)
or
you
may
create
one
using
our
Sale
Platform
.
We
will
not
be
held
liable
if
you
misplace
your
private
key
for
the
wallet
created
on
our
platform
or submit an address
from an exchange wallet such as coinbase.com which does not provide you with the
private key for ERC
-
20 token access
.
We
reserve
the
right
to
prescribe
additional
guidance
regarding
specific
wallet
requirements.
3.
Purchase
and
Sale
of
Tokens
.
(a)
Price;
Payment
Currencies
.
The
USD
price
per
Token
is
set forth on our website
and purchase portal
(“
Price
Per
Token
”).
Tokens may be purchased with USD
using credit card,
Ether
(“
ETH
”)
, Bitcoin (“
BTC
”), or Litecoin (“
L
TC
”)
(collectively,
“Blockchain Tokens” or “BCTs”)
.
(b)
Purchase
Procedure
.
After
logging
into
the
Sale
portal
through
Deedcoinlaunch.com or its affiliated company owned websites
,
you
will
be
prompted
to
select
the
amount
of
coins
you
wish
to
purchase.
The
Sale
platform
will
display
the
Exchange
Rate
(as
defined
below)
that
will
be
applied
to
calculate
your
Purchase
Price
(also
as
defined
below)
for
the
Payment
Currency
you
selected.
We
reserve
the
right,
in
our
sole
discretion,
to
modify
any
of
the
procedures
described
herein
to
account
for
network
congestion
or
other
technical
challenges.
(c)
Purchase
Price
.
Your
quoted
“Purchase
Price”
in
the
selected
Payment
Currency
is
equal
to
the
USD
value
of Deedc
oin as shown as your purchase amount on the
purchase portal
divided
by
the
Exchange
Rate
(as
defined
below).
The
“Exchange
Rate”
will
be
the
exchange
rate
between
BCTs
and
USD
as
sourced
by
the
Company
from cryptocompare.com’s api in real time to calculate the conversion
from BTC, LTC, or ETH to DC that
will
be
used
for
any
purchase
s.
(d)
Purchase
Price
Must
Be
Received
in
Full
Upon Purchase
.
Payment is due in full
at time of purchase. Your Tokens will be released
once receipt of the full
Purchase Price has been confirmed
plus processing time detailed in this document
in some cases
.
We
reserve
the
right,
in
our
sole
discretion,
to
modify
any
of
the
timelines
described
herein
to
account
for
network
congestion
or
other
technical
challenges.
(e)
Payment
of
Purchase
Price
.
You
must
pay
the
Purchase
Price
by
sending
the
correct
quantity
of
ETH
, BTC, or LTC
to
the
unique
address
displayed
to
you
via
the
Sale
portal.
Your
purchase
is
not
guaranteed
until
we
receive
the
full
amount
of
the
Purchase
Price.
(f)
User Information and Limits
.
You
agree
that all entered information is accurate
and you will not attempt to circumvent the restriction of 1,500 Deedcoin per US
Citizen
unless you are an accredited investor.
You
alone
are
responsible
for
any
acts
or
omissions
that
occur
during
the
Sale
through
the
use
of
your
User
Credentials.
We
reserve
the
right
to
suspend
or
block
your
access
to
the
Sale
upon
suspicion
of
any
unauthorized
access
or
use,
or
any
attempt
thereof,
by
anyone
associated
with
your
User
Credentials.
(g)
Delivery
of
Tokens
.
Company has systems in place to deliver tokens within hours
from the token purchase time but in the event these
systems change or fail,
Company
will
deliver
the
quantity
of
Tokens
you
purchase
by
the
later
of
(i)
three
(3)
weeks
after
the
Sale
End
Date
(provided,
however,
that
the
Company
reserves
the
right
to
extend
the
Token
delivery
deadline
for
up
to
two
(2)
additional
weeks
if
necessary
to
address
any
unanticipated
technical
difficulties),
or
(
ii
)
immediately
after
you
have
provided
a
complete
and
accurate
Token
Receipt
Address.
For
the
avoidance
of
doubt,
any
such
extension
shall
not
affect
the
obligation
of
the
Company
and
you
to
make
and
take
delivery,
respectively,
of
Tokens
purchased.
4.
Purpose
and
Use
of
Tokens
i
n
the
Ecosystem
.
(a)
The
purpose
of
the
Deedcoin token
is
to
gain
access
to
Deedcoin’s exclusive real
estate brokers and take advantage of reduced transaction commission fees charged
by those brokers
(the “
Services
”)
as part of the real
-
estate transaction ecosystem
(the “
Ecosystem
”)
.
Additional
information
regarding
the
Ecosystem,
the
Services,
and
the
Company
is
described
in
the
Whitepaper
available
at
https://www.deedcoinlaunch.com/documents/Deedcoin%20White%20Paper.pdf
(the

Whitepaper
”).
(b)
While
we
are
developing
certain
applications
and
software
for
use
in
the
Ecosystem,
we
do
not
operate
or
control
the
Ecosystem.
We
are
not
responsible
or
liable
for
the
Ecosystem
or
any
third
-
party
uses
of
the
Ecosystem.
(c)
Purchase,
ownership,
receipt,
or
possession
of
Tokens
carries
no
rights,
express
or
implied,
other
than
the
right
to
use
Tokens
as
a
means
to
enable
usage
of
and
interaction
with
Services
enabled
by
the
Ecosystem,
if
successfully
completed
and
deployed.
In
particular,
you
understand
and
accept
that
Tokens
do
not
represent
or
confer
any
ownership
right
or
stake,
share,
security,
or
equivalent
rights,
or
any
right
to
receive
future
revenue
shares,
intellectual
property
rights
or
any
other
form
of
participation
in
or
relating
to
the
Ecosystem
and/or
Company
and
its
corporate
affiliates,
other
than
any
rights
relating
to
the
provision
and
receipt
of
Services
in
the
Ecosystem,
subject
to
these
Terms.
The
Tokens
are
not
intended
to
be
a
digital
currency,
security,
commodity,
or
any
kind
of
financial
instrument.
5.
Possible
Migration
of
Tokens
.
(a)
The
Tokens
are
being
created
as
ERC
-
20
tokens
on
the
Ethereum
protocol.
We
reserve
the
right
to
migrate
the
ERC
-
20
based
Tokens
(the

Pre
-
existing
Tokens
”)
to
another
protocol,
such
as
Rootstock,
and
to
generate
replacement
Tokens
on
the
new
protocol
(the

Replacement
Tokens
”)
in
the
future,
should
we
determine,
in
our
sole
discretion,
that
doing
so
is
necessary
or
useful
to
the
operation
of
the
Ecosystem.
(b)
Should
we
decide
to
migrate
the
Tokens,
we
may
no
longer
provide
support
for
the
Pre
-
existing
Tokens
relating
to
the
Ecosystem,
the
Services,
or
any
other
operational
matters,
except
with
respect
to
the
migration
process.
Although
Company
does
not
at
this
time
anticipate
that
it
will
require
any
Pre
-
existing
Token
holders
to
convert
their
Pre
-
existing
Tokens
to
Replacement
Tokens,
Company
anticipates
there
will
be
significant
incentives
for
Pre
-
existing
Token
owners
to
do
so,
since
the
practical
utility
of
Pre
-
existing
Tokens
will
likely
diminish
rapidly
once
the
Replacement
Tokens
are
created
and
in
use
by
a
significant
portion
of
Ecosystem
participants.
Accordingly,
by
accepting
these
Terms
you
acknowledge
and
agree
that
in
order
for
you
to
continue
to
participate
in
the
Ecosystem
or
obtain
utility
from
the
Tokens
you
may
need
to
convert
the
Tokens
you
purchase
during
the
Sale
to
Replacement
Tokens
in
the
future.
(c)
Should
we
decide
to
migrate
the
Tokens,
we
will
notify
you
via
the
email
address
you
provided
to
us
at
the
time
of
the
Sale
.
You
are
solely
responsible
for
updating
us
should
your
contact
information
change.
(d)
Deedcoin may deem in necessary to migrate the tokens to a new smart
-
contract
on
ERC
-
20
should it be necessary for the improvement of the Deedcoin code. If this
occurs, all Deedcoin holders will automatically
receive
a new
version
Deedcoin
for each of the old
version
Deedco
in they hold and the old Deedcoin will be
deemed invalid going forward.
This will be
accomplished
technically
similar to a

fork

and

aird
r
op
.

In the event this occurs, Deedcoin will manually review all
wallets
on the blockchain
as well as activate a
help channel fo
r any questions to
create a smooth transition between the smart
-
contracts.
6.
Scope
of
Terms
.
(a)
Unless
otherwise
stated
herein,
these
Terms
only
govern
your
purchase
of
Tokens
from
Company
during
the
Sale
.
(b)
Any
use
of
Tokens
in
connection
with
providing
or
receiving
Services
in
the
Ecosystem
may
be
governed
by
other
applicable
terms
and
conditions
and
policies.
7.
Cancellation;
Refusal
of
Purchase
Requests
.
All
purchases
of
Tokens
from
us
during
the
Sale
are
final,
and
there
are
no
refunds
or
cancellations
except
as
set
forth
herein
or
as
may
be
required
by
applicable
law
or
regulation.
We
reserve
the
right
to
refuse
or
cancel
Token
purchase
requests
at
any
time
in
our
sole
discretion.
8.
Token
Creation
and
Allocation
.
Important
information
about
the
Company’s
creation
and
intended
use
of
the
Tokens
is
provided
in
our whitepaper which is available via our
website at
www.deedcoinlaunch.com
(the “Whitepaper”)
.
By
purchasing
Tokens,
you
acknowledge
that
you
have
read,
understand,
and
have
no
objection
to
our Whitepaper.
9.
Acknowledgment
and
Assumption
of
Risks
.
You
acknowledge
and
agree
that
there
are
risks
associated
with
purchasing,
owning,
and
using
Tokens
for
the
provision
or
receipt
of
Services
in
the
Ecosystem,
as
disclosed
and
explained
in
Exhibit
A
.
BY
PURCHASING
TOKENS,
YOU
EXPRESSLY
ACKNOWLEDGE
AND
ASSUME
THESE
RISKS
.
10.
Security
.
You
are
responsible
for
implementing
reasonable
measures
for
securing
the
wallet,
vault,
or
other
storage
mechanism
you
use
to
receive
and
hold
Tokens
purchased
from
us,
including
any
requisite
private
key(s)
or
other
credentials
necessary
to
access